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Moving in or out of a rental property can be stressful for both tenants and landlords, with the security deposit often being a contentious issue. A survey reveals that one in four renters never get their deposit back, and many do not receive explanations for deductions, leading to disputes. To mitigate these issues, creating a move-in and move-out checklist is advisable. Though only required by law in 17 states, it's beneficial for both parties. The video discusses the purpose of this checklist, its importance, whether it's legally required, and offers recommendations on what to include. Viewers can find an approved checklist through the provided link.